I was messing around with the bar pattern tool and found a strong similarity in the movements from May to June compared to where the stock is now. Not only that but there is upward momentum that starts around earnings "5/9/22" which is a beneficial catalyst. Also with this rate hike causing the cost to borrow to go up, I'm feeling pretty BULLISH about what is to...
RSI looks like it's bouncing, not only that but so is the price after bouncing off the strong resistance of $14. Last time RSI was this low was NOV/DEC before the January squeeze from $2 to about $5, 150%. Not saying that's going to happen exactly. But history has a tendency to repeat itself and with this low of RSI we're at least guaranteed a relief bounce. But I...
This is not financial advice just my analysis. We could be looking for the next step up in the cup and handle formation, not only that we also have a bounce off the trend line. Plus if you price in the options chain this week and next week, there could be the possibility of a gamma squeeze if we get this increase in volume we are looking for. Again not financial...
